1. Expansion

2. Merger with Alon USA

3. Refinery explosion

4. References

5. External links

Headquartered in Brentwood, Tennessee, Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing.

In all, the combined Brentwood-based company has a broad platform consisting of:

• A refining system with approximately 300,000 barrels per day of crude throughput capacity consisting of four locations and an integrated retail platform that includes approximately 300 locations serving central and west Texas and New Mexico.
• Logistics operations including Delek Logistics, which can benefit from future drop downs and organic projects to support a larger refining system.
• A marketing operation that supplies more than 350 wholesale locations, has unbranded wholesale sales of approximately 145,000 barrels per day of light products in 13 states, and has utilization of 450,000 barrels per month of space on the Colonial Pipeline System.
• An integrated asphalt business consisting of operations primarily in Texas, Arkansas, Oklahoma, California and Washington approaching 1 million tons of sales on an annual basis. ^[3]

Expansion

Alon U.S.A. announced it would buy Paramount Petroleum Corp. for $307 million cash and assume $100 million in debt.{{Citation needed|date=August 2017}} The deal closed in August 2006. Alon U.S.A. also planned to buy the assets of Edgington Oil Co. for $52 million cash, a deal delayed in closing due to an FTC request for further information.{{Citation needed|date=August 2017}} Among Paramount's assets are a {{convert|54000|oilbbl/d|m3/d}} refinery in Paramount, California, and seven asphalt terminals.{{Citation needed|date=August 2017}} Edgington is a topping refinery located in Long Beach, California, with a listed capacity of about {{convert|40000|oilbbl/d|m3/d}}.{{Citation needed|date=August 2017}}

In July 2006, Alon USA closed on the transaction to purchase 40 convenience stores from Good Time Stores. In March 2007, Alon USA announced that it would purchase Abilene-based Skinny's convenience stores for 70 million dollars.

In May 2008, Valero announced they had sold the 85,000 BPD Krotz Springs, Louisiana, refinery to Alon USA for $433 million.{{Citation needed|date=August 2017}}

On June 2, 2010, Alon announced that it has completed the acquisition of the Bakersfield, California, refinery from Big West of California, LLC, a subsidiary of Flying J Inc. The purchase price of the Bakersfield transaction, including substantially all of the assets of Big West, consists of $40 million in cash.{{Citation needed|date=August 2017}} The company also acquired the Bakersfield refinery's existing inventory as of the closing date of the transaction. The Bakersfield refinery is located in California's Central Valley and has the capacity to refine up to 70,000 barrels per day of crude oil.{{Citation needed|date=August 2017}} The refinery is supplied by crude oil produced in the San Joaquin Valley with its products marketed in California and is a major provider of motor fuels in central California.

Merger with Alon USA

On July 1, 2017, Delek US Holdings Inc., Brentwood, Tennessee, completed its purchase of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc.^[4] As part of the all-stock transaction, Delek acquired the remaining 53% of Alon USA’s common stock not already owned by Delek. The combined company will be led primarily by Delek US’ existing management team.

Refinery explosion

On February 18, 2008, an explosion occurred at an oil refinery in Big Spring, Texas, owned by Alon USA. The plant employs about 170 employees and has a capacity of {{convert|70000|oilbbl|m3}} of oil a day.{{Citation needed|date=August 2017}} This event caused portions of Interstate 20 to be shut down. Initial reports stated that four workers were injured.^[5] In addition to the four workers, a passing motorist on Interstate 20 sustained an injury when debris struck her vehicle, according to local reports.^[6] According to a press release by the company on February 19, the explosion occurred in the area around the propylene splitter unit, although the cause has not yet been determined.^[7] Information on the company's website states that ALON USA acquired ownership of the Big Spring, Texas, refinery in August 2000, when ALON Israel Oil Company Ltd. purchased the U.S. fuels marketing and refining assets of Atofina Petrochemicals, Inc. (FINA). The refinery has been in service for more than 75 years, and produces fuel products and asphalt for the southwestern United States. It was constructed in 1928 by the original owner, Joshua Cosden.

References

External links

• South London Theatre
• South Louisiana
• South Luangwa National Park
• South Luffenham
• South (lunar crater)
• South Luzon Expressway
• South Lyon
• South Lyon (MI)
• South Lyon, MI
• South Mahoning
• South Mahoning Township, Indiana County, Pennsylvania
• South Mahoning Township, PA
• South Manchester Synagogue
• South Manchurian railroad
• South Manchurian Railway
• South Manchuria Railway
• South Mandate
• South Manheim
• South Manheim Township, PA
• South Manheim Township, Schuylkill County, Pennsylvania
• South Manitou Island
• South Mansfield, LA
• South Mansfield, Louisiana
• South Maroota, New South Wales
• South Marquesan language